Commerzbank (OTCMKTS:CRZBY) Releases Earnings Results, Beats Estimates By $0.03 EPS

Commerzbank (OTCMKTS:CRZBY) released its quarterly earnings results on Thursday. The financial services provider reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.03, Zacks reports. Commerzbank had a net margin of 13.30% and a return on equity of 8.89%.

Commerzbank Stock Performance

Shares of CRZBY stock traded down $1.72 during trading hours on Thursday, reaching $43.20. 36,318 shares of the company’s stock were exchanged, compared to its average volume of 33,068. Commerzbank has a fifty-two week low of $33.63 and a fifty-two week high of $50.16. The stock has a market capitalization of $45.35 billion, a P/E ratio of 14.21 and a beta of 0.60. The business has a fifty day moving average price of $45.03 and a 200-day moving average price of $42.34. The company has a quick ratio of 12.24, a current ratio of 0.45 and a debt-to-equity ratio of 1.62.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CRZBY shares. Royal Bank Of Canada lowered shares of Commerzbank from a “moderate buy” rating to a “hold” rating in a research note on Friday, October 2nd. Citigroup reissued a “neutral” rating on shares of Commerzbank in a research report on Monday, September 28th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Commerzbank from a “buy” rating to a “hold” rating in a report on Tuesday, September 29th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

About Commerzbank

Commerzbank AG is a German commercial bank headquartered in Frankfurt am Main. Founded in 1870, the bank serves private customers, small and medium-sized businesses, large corporate clients and institutional investors. Its activities are centered primarily in Germany and Poland, with additional international operations supporting corporate and capital-markets clients.

The bank’s services include current and savings accounts, consumer and business lending, mortgages, payment services, investment products, securities trading and wealth management.